Government Budgets

Italy stands firm against EU in budget dispute

Oct 22, 2018

Italy is standing firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts.

World stocks push past growth worries in China, Italy

Oct 22, 2018

World markets are higher, brushing off potential concerns about slower growth in China and a credit rating downgrade of Italy over its spending plans.

Italy approves final budget draft yet vows dialogue with EU

Oct 20, 2018

Italy's government vowed Saturday to engage in constructive talks with the European Union as it nevertheless gave final approval to its rule-busting budget and brushed off a ratings downgrade triggered by its higher-than-expected deficit targets

The Latest: EU official tries to calm Italian budget dispute

Oct 19, 2018

The EU's budget chief says that the European Commission won't interfere with Italy's economic policies and called for disagreements over the draft budget to be resolved in an "intelligent and serene way.''

Italian markets hit by concerns over budget spat

Oct 19, 2018

Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit beyond previously agreed levels.

EU warns Italy on budget but walks a fine line

Oct 18, 2018

The EU budget chief hands Italy a stinging letter warning that significantly higher deficit targets represented a deviation "unprecedented in the history" of the stability pact, while offering reassurances that Brussels is "not an adversary of Italy.''

The Latest: EU voices concerns over Italy's budget deficit

Oct 18, 2018

The European Commission has chastised Italy for a spending plan that will triple its deficit from what was previously agreed, calling the deviation "unprecedented in the history" of the EU's stability and growth compact

Dutch leader asks Italy to stick to budget rules

Oct 18, 2018

Dutch Prime Minister Mark Rutte is warning his Italian counterpart Giuseppe Conte not to break the budgetary rules set out by the European Union.

Dems shift line of attack, warning of GOP threat to Medicare

Oct 17, 2018

With the GOP tax plan contributing to rising federal deficits, Democrats are warning that Republicans will go after cuts to Medicare, Medicaid and Social Security to balance budgets if they control Congress after the midterms

Trump ask Cabinet to cut next year's budgets by 5 percent

Oct 17, 2018

President Donald Trump says he's asking every Cabinet secretary to trim their budgets for next year by 5 percent, dubbing it the "nickel plan."

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